PRINTER'S NO. 2702
No. 201 Session of 1984
INTRODUCED BY STEIGHNER, MORRIS AND GRIECO, MARCH 20, 1984
REFERRED TO COMMITTEE ON RULES, MARCH 21, 1984
A RESOLUTION
1 Memorializing Congress to review the current foreclosure
2 practice of the Farmers Home Administration.
3 WHEREAS, The Farmers Home Administration was created to
4 assist low-income rural residents towards purchasing homes; and
5 WHEREAS, The FHA has in Pennsylvania and in other states
6 implemented foreclosure practices that appear to be more
7 restrictive than local lending institutions; and
8 WHEREAS, This policy has resulted in mortgage foreclosures of
9 homeowners who are disabled, unemployed or underemployed through
10 no fault of their own and in many instances these homeowners are
11 continuing to make payments towards principal and/or interest;
12 and
13 WHEREAS, This practice appears to be in contradiction to the
14 original intent of the FHA; therefore be it
15 RESOLVED, That the House of Representatives memorialize the
16 United States Congress to review the current foreclosure
17 practice of the Farmers Home Mortgage Administration; and be it
1 further
2 RESOLVED, That copies of this resolution be transmitted to
3 the presiding officers of each house of Congress and to each
4 member of Congress from Pennsylvania.
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